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20121128
20121206
Search Results 0 to 17 of about 18 (some duplicates have been removed)
-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if that includes cutting staff. and the need to slim down is not unique to citi; it's industry- wide. a financial industry runs into huge problems. it happened in the '30s, and it happened in the last five years. when you go through these periods, you go through a lot of change. that industry is now trying to figure out what is the right size of the industry. >> reporter: still, economists say citi's action today is not the start of a new ve aofls crfe america. the nation's job market may not be robust, but it's not frozen, either. in fact, today, the payroll firm a.d.p. reported 11
up your tank now compared to a year ago. erika miller reports from one of the most expensive cities to fill 'er up. >> reporter: here in new york city, the long lines and gas rationing are finally gone, but there's more good news. like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas, prices spiked more than ten cents a gallon. but now, the situation has drastically improved here and around the country. regular unleaded costs an average of $3.42 nationwide. that's 12 cents below where it was a month ago. but drivers are still paying about 12 cents more for gas today than a year ago. a big reason is escalating middle east tensions. >> anytime you have that kind of conflict in the middle east, whether it's the israelis or the egyptians, the syrians, it really the disruption of flow, you know. any time you get a problem in the gulf, it's really going to hinder oil prices. >> reporter: if the rec
of the most visited holiday landmarks in the city. and tom, the big board's tree is embroiled in a twitter battle for bragging rights as the city's best with another famous tree, the one at rockefeller center.. >> on my way to work this morning, i saw the tree by the new york stock exchange, and it looks pretty impressive. >> tom: we saw you putting ornaments on it. but the trees are tweeting? is that right? >> susie: not quite right, and those trees are a little too high for me to reach to put an ornament. that's "nightly business report" for tuesday, december 4. have a great evening, everyone, and you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
to theidely followed s&p case/schiller home price index. the survey tracks 20 metropolitan cities, and shows home prices were up 3% year over year in september. compared to august, prices inched up three-tenths percent higher. together, analysts say the numbers add up to a long recovery for housing. >> the housing market has clearly turned the corner and is well on its way to recovery. it's going to be a slow, steady, recovery rather than a booming, explosive recovery, because we still have a few years of distressed inventory we have to work through and some headwinds in the lending market. >> tom: nationally, prices are back to their mid-2003 levels. but they're still down 30% from the peak of the housing bubble. >> susie: last summer's drought fried much of the nation's corn crop, but it didn't scorch interest in owning farmland. in many parts of the corn belt, farmland values jumped 13% over the past three months, according to the chicago federal reserve bank. as diane eastabrook reports, a growing number of investors from pension funds to mutual funds are making farms a hot commodity. >>
york city's lincoln center, ford introduced the new lincoln mkz sedan, one of four luxury, and fuel efficient models coming out over the next four years. >> no oneffers a car that's more fuel he fishant than the this hybrid no one offers a vehicle with the kind of craftsmanship and beautifully skimp find interior that we val. and when you drive it, it's going to be as fun to drive as a bmw but as quiet and comfortable at a lexus. >> susie: this is ford's latest campaign to stage a comeback for lincoln. when i talked to the c.e.o. alan mall ally i asked him if this is his last push to save the brand. >> we haven't focused on lincoln over the last few years because we had these other luxuryrands. i think this is almost a beginning because now everybody knows that what ford did with ford, and now they all know ford is going to be 100% laser focused on lincoln. >> susie: when people think of a luxury car they think mercedes, bmw, not a lincoln. so how are you going to compete against those upscale brands? >> less than ten years ago lincoln was the number one luxury brand in the united s
Search Results 0 to 17 of about 18 (some duplicates have been removed)